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The Entrepreneurial Ecosystem

In: Global Entrepreneurship and Development Index 2018

Author

Listed:
  • Zoltán J. Ács

    (George Mason University)

  • László Szerb

    (University of Pécs)

  • Esteban Lafuente

    (Universitat Politècnica de Catalunya, (UPC Barcelona Tech) EPSEB)

  • Ainsley Lloyd

    (The Global Entrepreneurship and Development Institute)

Abstract

When the unemployment rate in the United States was 10% during the great recession, it was considered a catastrophe. However, the unemployment rate in most MENA countries is close to 30% and even higher in some other countries. This is a disaster for many parts of the world. It leads to desperation and violence as millions of youth struggle to survive. The world needs to create a billion jobs in the very near future to create global peace and prosperity. Entrepreneurship creates jobs and generates economic growth—the underpinning of a stable and civil society. But before we get into how this works, we need to discuss what kind of entrepreneurship we are talking about. Who is an entrepreneur? We are not talking about the basket weaver solo entrepreneur; we are not talking about rural microcredit. We are talking about Silicon Valley, Bill Gates, Sam Walton, FedEx, and Starbucks.

Suggested Citation

  • Zoltán J. Ács & László Szerb & Esteban Lafuente & Ainsley Lloyd, 2018. "The Entrepreneurial Ecosystem," SpringerBriefs in Economics, in: Global Entrepreneurship and Development Index 2018, chapter 0, pages 1-9, Springer.
    • Handle: RePEc:spr:spbchp:978-3-030-03279-1_1
    DOI: 10.1007/978-3-030-03279-1_1
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    Citations

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    Cited by:

    1. Ben Spigel & Fumi Kitagawa & Colin Mason, 2020. "A manifesto for researching entrepreneurial ecosystems," Local Economy, London South Bank University, vol. 35(5), pages 482-495, August.
    2. Nina Schumacher, 2022. "CAN BUSINESS MODEL COMPONENTS EXPLAIN DIGITAL START-UP SUCCESS? A Qualitative Analysis of the Business Models of Start-ups from the Perspective of German Venture Investors," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 31(1), pages 81-98, june.
    3. Barja Daza, Gover, 2020. "An experiment in knowledge co-creation on the subsistence entrepreneurial ecosystem of metropolitan La Paz, Bolivia," MPRA Paper 103814, University Library of Munich, Germany, revised Aug 2020.
    4. Emilia Herman, 2022. "The Interplay between Digital Entrepreneurship and Sustainable Development in the Context of the EU Digital Economy: A Multivariate Analysis," Mathematics, MDPI, vol. 10(10), pages 1-28, May.
    5. Mariana Pita & Joana Costa & António Carrizo Moreira, 2021. "Unveiling Entrepreneurial Ecosystems’ Transformation: A GEM Based Portrait," Economies, MDPI, vol. 9(4), pages 1-16, November.
    6. Charis Vlados & Dimos Chatzinikolaou & Fotios Katimertzopoulos & Theodore Koutroukis, 2019. "Regional underdevelopment and less developed business ecosystems: The case of Eastern Macedonia and Thrace," Bulletin of Applied Economics, Risk Market Journals, vol. 6(2), pages 31-44.
    7. Gérard Desmaison, 2019. "Des risques psycho-sociaux a la qualité de vie au travail : un changement systémique est-il possible ?," Post-Print hal-03418346, HAL.
    8. Charles Mwatsika, 2021. "Reflecting on perceived failure of entrepreneurship development initiatives to help ignite economic development in Malawi," Journal of Innovation and Entrepreneurship, Springer, vol. 10(1), pages 1-24, December.
    9. Colin Donaldson, 2021. "Culture in the entrepreneurial ecosystem: a conceptual framing," International Entrepreneurship and Management Journal, Springer, vol. 17(1), pages 289-319, March.
    10. Esteban Lafuente & Zoltan J. Acs & Mark Sanders & László Szerb, 2020. "The global technology frontier: productivity growth and the relevance of Kirznerian and Schumpeterian entrepreneurship," Small Business Economics, Springer, vol. 55(1), pages 153-178, June.
    11. Gérard Desmaison, 2019. "Réconcilier radicalement et durablement l'économique et l'humain dans les entreprises," Post-Print hal-03418345, HAL.
    12. Mike Herrington & Alicia Coduras, 2019. "The national entrepreneurship framework conditions in sub-Saharan Africa: a comparative study of GEM data/National Expert Surveys for South Africa, Angola, Mozambique and Madagascar," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 9(1), pages 1-24, December.
    13. Szerb, László & Varga, Attila & Sebestyén, Tamás & Szabó, Norbert, 2019. "A vállalkozás szerepe a gazdasági növekedésben Magyarországon [The role of entrepreneurship in Hungarys economic growth]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 607-634.
    14. Thomas Neumann, 2021. "The impact of entrepreneurship on economic, social and environmental welfare and its determinants: a systematic review," Management Review Quarterly, Springer, vol. 71(3), pages 553-584, July.

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